CHARLOTTE, N.C. — Bank of America plans to direct $250 billion toward U.S. infrastructure investments spanning artificial intelligence, energy, transportation and critical minerals, joining other major banks that have announced sweeping initiatives aimed at strengthening U.S. economic competitiveness,.
The nation’s second-largest bank by assets said the initiative will include lending, investing, capital markets, banking and advisory services supporting what it described as a “new wave of infrastructure investment.” Bank of America said the effort could help create tens of thousands of jobs.
According to the Wall Street Journal, the initiative will target several areas, including:
- Data centers and semiconductors supporting the rapid expansion of artificial intelligence.
- Hardware, chips and other equipment.
- Conventional and renewable power generation and energy storage.
- Transportation infrastructure.
- Natural gas infrastructure.
- Water systems.
- Critical minerals.
Bank of America said the $250 billion will be measured from the beginning of 2026 through mid-2027.
Big Banks, Big Initiatives
The announcement comes as some of the nation’s largest banks unveil initiatives that collectively could direct trillions of dollars toward infrastructure, housing, technology and industries viewed as important to U.S. economic and national security.
Morgan Stanley said it plans to facilitate a $1.5 trillion infrastructure initiative focused on innovation platforms, strategic industries and infrastructure supporting the innovation economy, according to the Journal. Both Morgan Stanley and Bank of America have linked their initiatives to the United States’ 250th anniversary, which was celebrated in July.
JPMorgan Chase has separately announced plans to invest its own capital directly in companies it considers critical to national security and economic self-sufficiency. The strategy potentially carries greater risk than traditional lending and advisory activities but also could generate greater returns. JPMorgan also has announced an initiative aimed at supporting U.S. housing supply and homeownership.
The banking industry’s initiatives come as the Trump administration has increased pressure on U.S. companies and as major banks face heightened scrutiny over allegations they improperly “debanked” some customers, the Journal reported.
